PVDC Coating Food Packaging Market Is Expected to Reach US$ 501.2 Mn by 2026 Says TMR
Wednesday, September 11, 2019
Press release from the issuing company
Global PVDC Coating Food Packaging Market was valued at US$ 325.1 Mn in 2018 and is expected to reach US$ 501.2 Mn by 2026, at a CAGR of 5.56% during a forecast period.
Dairy Products is expected to hold the largest share in the market during the forecast period owing to rising demand for dairy products among developing countries such as India and China. In addition, growing GDP of various countries and increasing production of dairy products are other driving factors of the market.Meat, Poultry & Seafood is also expected to lead the market growth in a positive way during the forecast period.
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Polyvinylidene Chloride (PVDC) is a vinyl polymer, which is used as raw material for food packaging. Major driving factors of the market are growing living standard of a consumer, increasing middle-class population across the globe, rising urbanization, the growing disposable income of consumers, and changing the preference of consumers towards the flexible packaging solutions. The growing trend of packaged food is expected to surge the market growth during the forecast period. Expansion of food & beverages industry is increased across the globe is also driving the PVDC coating food packaging market growth. PVDC have flexible properties, which is expected to fuel market growth during the forecast period. The report provides an in-detail list of drivers and restraints, which are influencing the market growth. Additionally, provides expected opportunities and emerging trends.
North America is expected to hold the largest share in the market during the forecast period owing to a rise in disposable income of consumers and changing lifestyles of the consumers. Government regulations are strict regarding the environment in North America and PVDC coating food packaging is eco-friendly is also expected to boost the market growth in this region. In addition, the rising popularity of PVDC coating food packaging in the food & beverages industry is fuelling the market growth. Asia Pacific is expected to generate highest CAGR during the forecast period.
The report includes a detailed study of Porterâ€™s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
The Scope of the Report for PVDC Coating Food Packaging Market
Global PVDC Coating Food Packaging Market, by Application
Fruits And Vegetables
Meat, Poultry & Seafood
Global PVDC Coating Food Packaging Market, by Region
Middle East & Africa
Key Players Operating in Global PVDC Coating Food Packaging Market
Krehalon Food Packaging
Krehalon Food Packaging
Jindal Poly Films
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